Keybot the Quant remains short as the Wednesday session is underway. The algo continues an active week printing 2 numbers in the early going. VIX catapults higher well over 14 and GTX drops under 4811 creating market bearishness. The bulls are pumping copper higher to try and stop the market move lower. Utilities drop lower and tease near the market trap-door at UTIL 477.87. Bulls need GTX 4811 and they will encourage the dip buyers to come into the market. Bears need UTIL 477.87 and equities should collapse lower. Bulls will need about 15 or more SPX handles higher from the current 1794 print to hope to regain the upside mojo, thus, for now, the imminent turn status is removed. Markets remain highly unstable so anything can happen up or down.
12/15/13;
7:00 PM EST =
12/11/13; 9:39 AM EST
= +32; signal line is +44
12/11/13; 9:37 AM EST
= +46; signal line is +44 but algorithm remains short
12/10/13;
3:59 PM EST = +60; signal line is +43 but algorithm remains short
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